FL > Saint Petersburg > St. Pete
Saint Petersburg, FL 33709,5050 74TH ST N #1
Saint Petersburg, FL 33709,5050 74TH ST N #1
Saint Petersburg, FL 33709,5050 74TH ST N #1
16
See all 16 photos
$975,000
Est. payment /mo
Save Virtual Tour
3,409 SqFt
Active

5050 74TH ST N #1 Saint Petersburg, FL 33709

Save Virtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Nancy Conde

Nancy Conde

+1(407) 486-6611

UPDATED:

10/16/2024 03:16 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,409 sqft

Price per Sqft $286

Subdivision St. Pete

MLS Listing ID TB8303107

HOA Y/N No

Originating Board Stellar MLS

Year Built 1980

Annual Tax Amount $6,836

Lot Size 0.360 Acres

Acres 0.36

Lot Dimensions 98x156

Property Description

ZERO DAMAGE FROM EITHER HURRICANE!!! PHENOMENAL MULTI UNIT INVESTMENT OPPORTUNITY WITH 6 UNITS PRICED FOR AN IMMEDIATE SALE IN A GREAT ST. PETE NEIGHBORHOOD WITH WATER VIEWS!!!! Fully occupied cash generating investment property!!! 3 two bedrooms 1 bath 2 studio 1 one bed one bath, fully occupied currently, opportunity to renovate units and raise rents. $1,300 $1,560 $1,500 $950 $1,000 $1,000 Total: $7,310 per month $87,720 total income per year Expenses: $250 per month for water garbage pickup $94 per month $4,128 annually Taxes $6,800 annually Insurance $4,103 annually, never flooded in the last 20 years! Total expenses annually : $15,031 Net annual profit roughly: $72,689 Opportunity for laundry in the back, no laundry onsite currently, could be income producing laundry building onsite to be built as ADU type building. Upgraded plumbing 4 years ago Upgraded electrical 4 years ago Air condition 4 years old Central air 8% cap rate with opportunity to boost to 9-10% cap rate with rent raise and laundry area addition.

Location

State FL

County Pinellas

Community St. Pete

Zoning R-4

Direction N

Interior

Interior Features Ceiling Fans(s)

Heating Central

Cooling Central Air

Fireplace false

Laundry None

Exterior

Exterior Feature Lighting, Sidewalk

Utilities Available BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Available, Water Connected

Waterfront true

Waterfront Description Canal - Saltwater,Canal Front

View Y/N Yes

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Block

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, Owner Financing, VA Loan

Listing Terms Cash, Conventional, FHA, Owner Financing, VA Loan

Special Listing Condition None

Stellar MLS
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by LPT REALTY

Learn More About LPT Realty

Nancy Conde

Agent | License ID: SL3463040

+1(407) 486-6611

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Tour the Home

5050 74TH ST N #1